The Port of Itaguaí will have a new iron ore terminal

Companhia Docas do Rio de Janeiro (CDRJ) announced its intentions to implement another solid mineral bulk terminal at the Port of Itaguaí. The new venture, installed in an area of 312,514m², will receive R$ 3 billion in investments to increase the port’s iron ore outflow capacity by around 30 million tonnes per year.

On the 11th and 12th of May, accompanied the visit of a technical team of the Ministry of Infrastructure (MInfra) and Brazil’s Planning and Logistics Company (EPL), which will study the future lease of ITG-02, known as the ‘middle area,’ until the end of the first semester of 2022.

EPL’s Project Structuring manager, Fernando de Castilho, explained that “the study assesses the regional market dynamics and analyzes storage and cargo handling installed capacity in the port complex.” Castilho also commented that “the work will also determine the terminal’s demand potential and find engineering solutions for the enterprise, in addition to the economic-financial modeling.”

The National Secretariat of Ports and Waterway Transportation ((SNPTA/MInfra) has taken this project as a priority, according to the Port Leases Modeling General Coordinator at SNPTA, Alessandro Marques: “The Investment Partnerships Program Board is expected to grant priority status to the ITG-02 project still in the first half of 2022.”

See below the track record of Brazilian iron ore exports from January 2021 to March 2022. The data below is DataLiner’s.

Brazilian Iron Ore Exports | 2021 – March 2022 | WTMT

Source: DataLiner (click here to request a demo)

Considering the various steps that MInfra must complete before putting a port facility into auction, such as organizing a public hearing and submitting the project to the Federal Court of Audits (TCU) for analysis, Alessandro Marques informed that SNPTA wants to issue a bidding notice in the last two months of the year. The auction is expected to take place in the 1st quarter of 2023. Finally, operations at the new Itaguaí terminal are scheduled to start in 2028.

Sharing is caring!